SCHLOSS BANGALORE LIMITED
₹ 413 - ₹ 435
26-May-2025 - 28-May-2025
₹ 14790.00

/ 34 Shares

SCHLOSS BANGALORE LIMITED

26-May-2025 - 28-May-2025

₹ 413 - ₹ 435

Price Band

₹ 14790.00

Minimum Investment

34

Bid Lot

80,459,769

Shares
  • Face Value - ₹ 10/- Per Share

  • Listing at NSE, BSE

  • 236,646 Application Required in Retail for 1 Time.

  • Registrar : KFin Technologies Limited

IPO Details

Category % Shares/Amount
QIB 75% 60,344,828 Shares Rs. 2625.00 CR
HNI 1 5% 4,022,988 Shares Rs. 175.00 CR @ 8452 FORM 1X
HNI 2 10% 8,045,976 Shares Rs. 350.00 CR @ 16903 FORM 1X
Retail 10% 8,045,976 Shares Rs. 350.00 CR @ 236646 FORM 1X

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
236646 FORM 1X 8452 FORM 1X 16903 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 34 ₹ 14,790
Retail (Upto 2 Lakh) 13 442 ₹ 192,270
S-HNI (2 Lakh to 10 Lakh) 14 476 ₹ 207,060
S-HNI (2 Lakh to 10 Lakh) 67 2278 ₹ 990,930
B-HNI (Above 10 Lakh) 68 2312 ₹ 1,005,720

IPO Timeline

  • Open Date

    26-May-2025
  • Close Date

    28-May-2025
  • Basis of Allotment Date

    29-May-2025
  • Initiation of Refunds

    30-May-2025
  • Credit Shares to Demat A/c

    30-May-2025
  • IPO Listing Date

    02-Jun-2025

Subscription as on
28-May-2025 17:39

Category Book Size Subscription No. of Times
QIB 24,137,932 ₹ 1050.00 Cr. 189,663,322 ₹ 8250.35 Cr. 7.86x
HNI (<10 LAKH) 4,022,988 ₹ 175.00 Cr. 3,292,594 ₹ 143.23 Cr. 0.82x
HNI2 (>10 LAKH) 8,045,976 ₹ 350.00 Cr. 9,704,076 ₹ 422.13 Cr. 1.21x
RETAIL 8,045,976 ₹ 350.00 Cr. 7,018,416 ₹ 305.30 Cr. 0.87x
Total 44,252,872 209,678,408 4.74x
Category Book Size Subscription No. of Times
QIB 24,137,932 ₹ 1050.00 Cr. 189,663,322 ₹ 8250.35 Cr. 7.86x
HNI (<10 LAKH) 4,022,988 ₹ 175.00 Cr. 3,292,594 ₹ 143.23 Cr. 0.82x
HNI2 (>10 LAKH) 8,045,976 ₹ 350.00 Cr. 9,704,076 ₹ 422.13 Cr. 1.21x
RETAIL 8,045,976 ₹ 350.00 Cr. 7,018,416 ₹ 305.30 Cr. 0.87x
Total 44,252,872 209,678,408 4.74x

*Excluding Anchor

Total No. of Application Approx : ~169107 (0.71 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

Schloss Bangalore Limited, established on March 20, 2019, is a luxury hospitality company operating under "The Leela" brand in India. It owns, operates, manages, and develops luxury hotels and resorts, offering premier accommodations and personalised services inspired by Indian hospitality.

As of May 31, 2024, Schloss Bangalore Limited is one of India's largest luxury hospitality companies by number of keys, with a portfolio of 12 operational hotels comprising 3,382 keys. The portfolio includes The Leela Palaces, The Leela Hotels, and The Leela Resorts. The company operates through direct ownership and hotel management agreements with third-party owners.

The owned portfolio comprises five landmark hotels with 1,216 keys across key business and leisure destinations: Bengaluru, Chennai, New Delhi, Jaipur, and Udaipur. These hotels, renowned as modern palaces, blend traditional Indian architecture with contemporary luxury.

Owned Portfolio Highlights:

  • The Leela Palace Bengaluru – An 8.23-acre urban ecosystem in the central business district, catering to business and leisure travelers.
  • The Leela Palace Chennai – A 4.8-acre sea-facing palace on the Chennai marina, inspired by Chettinad architecture, offering expansive views of the Bay of Bengal.
  • The Leela Palace New Delhi – A three-acre property in the diplomatic enclave of Chanakyapuri, positioned near over 60 embassies and high commissions.
  • The Leela Palace Jaipur – An 8.1-acre luxury retreat near Jaipur’s historic sites, awarded Best Family Hotel by Travel + Leisure India’s Best Awards 2022 and Top 20 Best Hotels in India by Conde Nast Traveler, Readers’ Choice Awards 2023.
  • The Leela Palace Udaipur – A seven-acre property overlooking Lake Pichola and the royal City Palace, offering a picturesque setting.

As of May 31, 2024, the company operates 67 restaurants, bars, and cafes, including Jamavar, Library Bar, ZLB 23, Megu, China XO, Le Cirque, and Sheesh Mahal. The portfolio also includes 12 spas and wellness sanctuaries, with a spa collaboration with Soneva under development at The Leela Palace Bengaluru, set for completion in FY 2026. Additionally, the properties are equipped to host corporate meetings, conferences, weddings, and social events, catering to India's premium MICE market.

Schloss Bangalore Limited is promoted by private equity funds managed and advised by affiliates of Brookfield, one of the world’s largest alternative asset managers.

Read More

Strengths

Company Promoters

Company Financials

Period Ended 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 8,266.16 7,061.88 5,875.54
Revenue 1,406.56 1,226.50 903.27
Profit After Tax 47.66 -2.13 -61.68
Net Worth 3,604.99 -2,825.72 -2,511.96
Reserves and Surplus 3,280.43 -2,906.20 -2,582.80
Total Borrowing 3,908.75 4,242.18 3,696.18
Amount in ? Crore

Objects of the Issue

The Company Leela Hotels IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

S.No. Objects of the Issue Expected Amount (in Millions)
1 Repayment/ prepayment/ redemption, in full or in part, of certain outstanding borrowings availed by: (a) the Company, (b) certain of our Subsidiaries, namely, Schloss Chanakya, Schloss Chennai, Schloss Udaipur and TPRPL, through investment in such Subsidiaries. 23,000.00
2 General corporate purposes.  

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